Happening Now — October 11, 2026: Panama Quake, AI Copyright, Riyadh Attack

Overview

Happening now, Sunday, October 11th. US futures are pointing toward a positive start to the trading week, with S&P 500 futures slightly higher. The US 10-year Treasury yield is holding at 5.24%. In commodities, WTI crude oil is trading at $91.66 a barrel, while Gold is at $4,199 an ounce. And in crypto, Bitcoin is trad

In this show

• Happening now, Sunday, October 11th. US futures are pointing toward a positive start to the trading week, with S&P 500 futures slightly higher. The US 10-year Treasury yield is holding at 5.24%. In commodities, WTI crude oil is trading at $91.66 a barrel, while Gold is at $4,199 an ounce. And in crypto, Bitcoin is trading at $82,979. We have a lot to cover this hour, from a major earthquake to escalating global conflicts. Here with me is our world correspondent to break it all down.
• Across the wires this hour, a state of emergency is unfolding off the coast of Panama following a powerful 7.7 magnitude earthquake that has triggered tsunami warnings. In the US, a tragedy in Erie, Pennsylvania, where a mass shooting has left nine people dead. And in the Pacific, Hurricane Simon has rapidly intensified into a dangerous Category 4 storm, now taking aim at Mexico's Pacific coast. We're tracking these developing stories and more.
• The focus in Central America is on that powerful 7.7 magnitude earthquake off Panama's coast. The quake, followed by several powerful aftershocks, prompted immediate evacuations. Tsunami warnings have been issued for the region, though initial assessments show no major damage or casualties yet. Authorities are on high alert as they continue to evaluate the situation. The seismic activity is a stark reminder of the region's vulnerability.
• Back in the United States, a horrific event in Erie, Pennsylvania. A mass shooting early this morning has resulted in the deaths of nine people, and that number includes the suspected shooter. Details are still scarce as law enforcement begins its investigation into the motive and the sequence of events. The incident has reignited the national conversation around gun violence as the community grapples with this sudden tragedy.
• We're also tracking a major escalation in the Middle East. A missile attack on King Khalid International Airport in Riyadh has killed at least 12 people and injured over 300 more. Houthi rebels have claimed responsibility for the strike. In response, the Saudi-led coalition has vowed a firm and decisive response, raising fears of a wider regional conflict. The attack marks a significant and dangerous turning point.
• Turning to the climate, all eyes are on Hurricane Simon, which has strengthened into a powerful Category 4 storm. It's currently churning in the Pacific Ocean, posing a significant threat to Mexico's Pacific coast. Residents are bracing for hurricane-force winds, torrential rain, and a life-threatening storm surge. Official advisories are urging immediate and thorough preparations for those in the storm's projected path.
• In Ukraine, a devastating Russian glide bomb attack on the city of Zaporizhzhia has killed at least 15 people, with many more injured. According to officials on the ground, the strike targeted residential buildings, causing widespread destruction. The attack is being widely condemned as a severe escalation in the ongoing conflict, bringing renewed focus to the civilian toll of the war.
• In technology and policy, the Trump administration has signaled its support for OpenAI in its ongoing legal battle over copyright infringement. The case centers on the use of published works to train large language models. This intervention could have profound implications for the future of artificial intelligence development and how intellectual property law is applied in the age of generative AI. The outcome is being watched closely by the entire tech industry.
• And in Asia, another climate disaster is unfolding. Severe flash flooding in Nepal has caused catastrophic damage, with entire buildings swept away by the raging Budhi Gandaki river. This event, triggered by heavy monsoon rains, comes just a month after previous floods resulted in over 1,400 fatalities. The relentless monsoon season continues to pose an extreme and ongoing threat to the region's infrastructure and population.
• A tense situation is developing in New York City after an agent with U.S. Immigration and Customs Enforcement shot a man during an attempted arrest. The incident is now under investigation. It has already sparked local protests and brought the debate over the tactics and authority of federal immigration officers back into the spotlight. The condition of the man who was shot has not yet been made public.
• A highly controversial decision from the U.S. government, which has announced its plan to livestream the execution of the convicted Fort Hood shooter. The execution will be carried out by firing squad. This unprecedented move has ignited a fierce public debate over capital punishment and government transparency. Separately, reports indicate the administration has also imposed sanctions on the International Criminal Court.
• T-Mobile US is today's standout decliner, plunging over 13 percent to a new 52-week low. The sell-off is driven by news of SpaceX acquiring nationwide low-band spectrum, signaling a significant new competitive threat in the wireless industry. This potential for increased competition is forcing a major re-evaluation of the sector by investors, with T-Mobile seeing the sharpest drop among the major carriers. The stock is now trading at its lowest point in over a year, reflecting the market's serious concerns about future pricing power and subscriber growth.
• Humana is surging today, with the stock up more than 11 percent. This impressive gain comes after the company announced that a high percentage of its Medicare Advantage members are in plans with four-star or higher ratings. These strong quality ratings are a crucial factor for receiving bonus payments from the government, which could significantly boost Humana's future earnings and profitability. The news has been met with analyst upgrades, as the improved ratings signal a potential positive turn in the company's financial outlook.
• Crown Castle is a top performer, rallying an impressive 15.6 percent. This surge is a direct reaction to the same SpaceX news that is pressuring wireless carriers. As a major owner of cell towers, Crown Castle is seen as a potential beneficiary of a new, well-funded player entering the wireless market. The prospect of SpaceX needing to build out a terrestrial network and lease tower space is driving optimism about new, long-term revenue streams for the company. This has led to a significant rally in not just Crown Castle, but other cell tower stocks as well.
• As we head into the afternoon, we'll be watching for updates on Hurricane Simon's path toward Mexico's Pacific coast and further assessments from the earthquake zone in Panama. And for sports fans, tonight's Sunday Night Football matchup sees the Baltimore Ravens take on the Atlanta Falcons. We'll be back this afternoon with the latest developments. Stay with us.